EXHIBIT 10.16
GEAC
Geac Computer Corporation Limited July 10, 2001
0000 Xxxxx Xxxxxx, Xxxxx 000
Xxxxxxx, Xxxxxxx X0X 0X0
Tel: (000) 000-0000
Fax: (000) 000-0000
Xx. Xxxx X. Xxxxx
000 Xxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxxxx 00000
RE: AMENDMENT TO EMPLOYMENT AGREEMENT
-------------------------------------
Dear Xxxx:
Reference is made to your employment agreements (the "Agreements") with Geac
Computer Corporation Limited ("GEAC") and Geac Computers Inc. ("GEC"), each
effective this day. Capitalized terms used, but not otherwise defined, herein
have the meanings give them in the Agreements. This letter will amend the
Agreements, and GEAC and GEC agree with you, as follows:
If, within the first twelve months of your employment with GEAC and GEC, there
is a Change in Control which is not approved by vote of the Board of Directors
of GEAC in which a Continuing Majority (as hereinafter defined) has joined and
concurred, then you shall automatically be entitled to all rights, payments and
benefits described in the sections of the Agreements entitled "Change of Control
and Change Affecting Your Employment" even though no Change Affecting Your
Employment has occurred or shall occur. As used herein, the term "Continuing
Majority will mean a majority of (a) the current directors of GEAC and (b) new
directors of GEAC who have been approved by two-thirds of such current directors
and persons who themselves received the requisite two-thirds vote described in
this sentence.
In all other respects, the Agreements shall hereafter remain in full force and
effect in accordance with their respective terms.
If this letter accurately sets forth your agreement with GEAC and GEC, please
sign a counterpart of this letter and return it to the undersigned. Upon your
signature, this letter will be a binding agreement under seal between you and
GEAC and GEC, enforceable in accordance with its terms.
Sincerely,
Geac Computer Corporation Limited
"Xxxxxxx Xxxxx"
By: ______________________________
Xxxxxxx X. Xxxxx, Chairman of GEAC
ACCEPTED AND AGREED TO: Geac Computers Inc.
"Xxxx Xxxxx" [illegible]
______________________________ By: ______________________________
Xxxx X. Xxxxx
